PORTLAND, Ore. and PARIS -- Cedexis, a leader in Internet measurement and optimization, today announced the closing of a $22 million Series B financing round, bringing total company funding to $33 million. Ginko Ventures led the round, with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures as well as Cedexis’ Series A investors, Advanced Technology Ventures and Madrona Ventures. This latest investment will support immediate opportunities to drive global growth as well as to broaden solutions for accelerating over-the-top (OTT) video, Software-as-a-Service (SaaS) services and web application delivery.
Cedexis’ customer base is rapidly approaching 1,000 global enterprises and includes major brands such as Accor Hotels, Airbus, Bloomberg, Cartier, Comcast, LinkedIn, Microsoft, Mozilla, Nissan, PBS, Tumblr and Shutterstock. In addition, Cedexis partners with all leading CDN, cloud, hosting and APM providers, globally, to establish the world’s largest performance community focused on improving Internet performance for billions of users worldwide.
The $22 million of new funding will be used to extensively expand the size and global reach of Cedexis as well as to accelerate customer growth. Cedexis will be increasing investments and hiring in engineering, marketing and sales. For more information on Cedexis, please visit the company’s website and follow Cedexis on Twitter at @cedexis.